Tsuyama-Shi Apartment average value

Price 127,774 JPY/sq.m
- Age 18.9 years old
- Dist. from Sta. 18.9 min walk
- Property area 56.4 sq.m

The average price of Okayama Tsuyama-Shi Apartment, in 2019 was 346,667 JPY/sq.m. The market value represents an increase of 209,482 JPY (+152.7%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.3 years old in 2018 and 1.8 years old in 2019; -91.8%)
  • A dramatic decrease in average distance from the station (representing 37.5 min in 2018 and 15.0 min in 2019; -60.0%)
Data regarding the market value and its changes of Apartment in Tsuyama-Shi were calculated using data on the sales of 36 properties provided by the MLIT Japan.

Tsuyama-Shi Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
国分寺10,137,500 JPY137,456 JPY/sq.m8 件
小原8,940,000 JPY147,077 JPY/sq.m5 件
山北896,000 JPY54,900 JPY/sq.m10 件
山方8,500,000 JPY121,429 JPY/sq.m1 件
川崎10,080,000 JPY125,718 JPY/sq.m5 件
椿高下15,500,000 JPY258,334 JPY/sq.m2 件
田町14,280,000 JPY189,826 JPY/sq.m5 件

Tsuyama-Shi Apartment value Age transition

Market values (unit price: sq.m, ㎡) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New360,634 JPY/sq.m100 %
Residual Value (10 Years)192,265 JPY/sq.m53 %
Residual Value (20 Years)110,507 JPY/sq.m31 %
Residual Value (20 Years)115,360 JPY/sq.m32 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Tsuyama-Shi Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Tsuyama-Shi Apartment that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Okayama Tsuyama-Shi 国分寺 (Tsuyama-Shi Higashitsuyama 18.0 min walk)
18.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-06-01 00:00:00

Trading price:   9,300,000 JPY,    Unit price:   124,000 JPY/sq.m

2. Okayama Tsuyama-Shi 国分寺 (Tsuyama-Shi Higashitsuyama 15.0 min walk)
20.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2014-06-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   173,333 JPY/sq.m

3. Okayama Tsuyama-Shi 国分寺 (Tsuyama-Shi Higashitsuyama 18.0 min walk)
22.5 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-09-01 00:00:00

Trading price:   8,300,000 JPY,    Unit price:   138,333 JPY/sq.m

4. Okayama Tsuyama-Shi 国分寺 (Tsuyama-Shi Higashitsuyama 16.0 min walk)
17.8 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-12-01 00:00:00

Trading price:   8,900,000 JPY,    Unit price:   118,667 JPY/sq.m

5. Okayama Tsuyama-Shi 国分寺 (Tsuyama-Shi Higashitsuyama 16.0 min walk)
17.0 years old , Area: 80.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2013-03-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   125,000 JPY/sq.m

6. Okayama Tsuyama-Shi 国分寺 (Tsuyama-Shi Higashitsuyama 18.0 min walk)
23.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-12-01 00:00:00

Trading price:   8,800,000 JPY,    Unit price:   125,714 JPY/sq.m

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- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}

Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:
Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.3 years old in 2018 and 1.8 years old in 2019; -91.8%)
  • A dramatic decrease in average distance from the station (representing 37.5 min in 2018 and 15.0 min in 2019; -60.0%)
The table below shows Apartment dealt in Okayama Tsuyama-Shi, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Area close to the price in Tsuyama-Shi

The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Tsuyama-Shi 国分寺 (8) [Area]9,550,000125,357 JPY/sq.m20.3 yrs18 min75 sq.m
Kita-Ku 神田町 (5) [Area]9,300,000130,769 JPY/sq.m21.3 yrs19 min70 sq.m
Kurashiki-Shi 中島 (12) [Area]10,400,000137,500 JPY/sq.m20.5 yrs18 min70 sq.m
Minami-Ku 米倉 (11) [Area]9,000,000138,462 JPY/sq.m16.5 yrs14 min65 sq.m
JR JR Kishin Line (36) [Stations]8,800,000120,714 JPY/sq.m20.0 yrs18 min67 sq.m
JR Kishin Line Tsuyama (23) [Stations]7,500,000120,000 JPY/sq.m21.3 yrs18 min60 sq.m
JR Tsuyama Line Tsuyama (23) [Stations]7,500,000120,000 JPY/sq.m21.3 yrs18 min60 sq.m
Mizushima Rinkai Railway Line Yayoi (7) [Stations]5,800,000105,455 JPY/sq.m22.5 yrs18 min55 sq.m
JR Sanyo Main Line Higashiokayama (33) [Stations]8,500,000150,769 JPY/sq.m17.8 yrs18 min60 sq.m